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Oil India Finds Second Andaman Gas Field, Boosting Energy Independence

6/8/2026

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Summary

Story summary

Oil India Limited confirmed a second natural gas discovery at the Sri Vijayapuram-3 well 15 km off the east coast of the Andaman Basin.
The basin is estimated to hold about 371 million metric tons of oil equivalent and up to 11.6 billion barrels of potential reserves.
Analysts say higher domestic gas output could lower India’s >85 % crude-oil import reliance, cut import bills and stabilize LPG, CNG and electricity prices.

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Story summary

Oil India Limited confirmed a second natural gas discovery at the Sri Vijayapuram-3 well 15 km off the east coast of the Andaman Basin.
The basin is estimated to hold about 371 million metric tons of oil equivalent and up to 11.6 billion barrels of potential reserves.
Analysts say higher domestic gas output could lower India’s >85 % crude-oil import reliance, cut import bills and stabilize LPG, CNG and electricity prices.